GBP/USD – 30M – BUYAlso there is a ‘Bullish Meeting Lines’ chart pattern is detected. The candles show ‘Bullish Meeting Lines’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Meeting Lines’ heading up is 56% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.27181 |
| 2nd High | 1.26666 |
| Next High | 1.26136 |
| Current Price | 1.25601 |
| Next Low | 1.24744 |
| 2nd Low | |
| 3rd Low |
Trading Signals: FOREX – GBP – GBP/USD – USD – Bullish Meeting Lines